Monday, 15 September 2014
NEW MUSIC: YEMI ALADE – KISSING (PROD BY FLIPTYCE)
Effyzzie Music Group’s powerhouse diva Yemi Alade who is currently in Kenya working with Tanzanian music star Diamond for #CokeStudioAfrica presents her new single titled “KISSING”, lifted off her hotly anticipated debut album “King Of Queens” slated to be released in weeks. The groovy mid-tempo love song is produced by raved hit-maker Fliptyce with enriching guitar by seasoned instrumentalist Fiokee, while Yemi Alade armed with her honeyed voice sings about the beauty of enduring love. “KISSING” is the third official single of Yemi Alade’s unreleased LP and arrives after the international success of previous single “Johnny” and “Tangerine” which cemented her position as a major force in the African music scene. Listen, download, buy, share and enjoy!
FASHION NEWS: London designers target fashion-hungry shoppers with 'tech firsts'
LONDON - Fueled by the boom in online sales for the latest trends, London's designers are finding new ways to deliver instant gratification to fashion hungry shoppers, amid high hopes of boosting growth in the sector.
British retailer Topshop, whose website attracts an average of 4.5 million hits a week, launched a new digital "first" on Sunday by letting shoppers buy six ready-made items from its latest collection immediately after its show at London Fashion Week.
"As we know, everyone spends all their waking moments on all these new platforms, gadgets, Instagram and Twitter," said Philip Green, the owner of Topshop brand and retail conglomerate Arcadia.
The speed of things reaching people is key to our business. You guys see it, wear it, buy it - that's what it's all about ... it's sort of us being there, being first to market - that's our job," he told Reuters.
The collection, which featured brightly colored striped dresses, cycling jerseys and lame dresses in cotton, satin and leather, was live-streamed globally and unveiled exclusively on social networks Instagram and Facebook FB.O. It will be delivered to shoppers globally in the next few days.
Topshop's initiative is one example of "tech firsts" the British Fashion Council (BFC) hopes to champion as part of its efforts to encourage all of its designers to get online and grow their international sales.
After enlisting Google GOOGL.O UK Sales Director Peter Fitzgerald to help designers understand the importance of social media strategy, the BFC said it saw the number of brands with an e-commerce site rise to 43 percent from 33 percent in 2013.
"We're showing designers that the Internet is truly borderless and many of them are getting over half of their sales now from outside the UK," Fitzgerald told journalists via video link on Friday.
ONLINE SALES GROW
Online clothing sales in Britain are set to reach 10.7 billion pounds ($17.41 billion) this year, an increase of 14.5 percent year on year, according to market research firm Mintel.
This season also saw youth label House of Holland team up with 3D-imaging tech firm Metail to allow shoppers to try on and buy clothes from the spring/summer 2015 collection in real time through a digital avatar.
British luxury brand Burberry BRBY.L has partnered with Twitter TWTR.N to sell the nail varnish that will feature in its show on Monday, through a "Buy Now" button that the social media website is currently trialing.
The 158-year-old firm already runs a made-to-order service for customers after it has shown its latest collections.
It's a move that many other leading and emerging designers in London like Jasper Conran, Holly Fulton, Emilia Wickstead and Richard Nicoll said they may consider adding to their business in the future.
Conran, who showcased a collection of cotton and silk printed dresses on Saturday featuring printed paint strokes and abstract designs, said he embraced the options that technology offers to connect to consumers directly.
"People can watch this show, they can see it on the website live and it begins to make more sense. You see it, you want it, you buy it. I like the logic surrounding it," he told Reuters.
(Reporting by Li-mei Hoang; Editing by Tom Heneghan)
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NEW MUSIC: Flavour ft Wande Coal – Wake Up (Prod. by MasterKraft)
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TOP NEWS Danaher to buy Nobel Biocare Holding for $2.2 billion including debt
Danaher said on Monday it would pay 17.10 Swiss francs per Nobel Biocare share in cash, about 23 percent above Nobel Biocare's closing price on July 28, the day before the Swiss firm said it was in talks with potential buyers.
Nobel Biocare's shares fell 5.5 percent in early trade after analysts had said the company could fetch a price of over 20 francs per share.
Analysts at Bank of America Merrill Lynch said it was unlikely a counter bid would materialise since fellow dental implant makers Straumann STMN.S and Dentsply XRAY.O had already ruled out interest.
The acquisition of the world's second-biggest dental implant maker will bring Danaher a premium range of implants to add to its orthodontics and digital imaging systems and boost its dental business to sales of around $3 billion.
"This combination will help us build a strong platform for future growth," said Henk van Duijnhoven, Senior Vice President of Danaher's Dental segment in a statement.
The Nobel Biocare deal follows on from a wave of mergers among medical supplies makers this year. In April fellow dental implant maker Zimmer Holdings Inc ZMH.N agreed to acquire Biomet Inc for more than $13 billion.
Makers of premium implants have struggled since the financial crisis as cash-strapped consumers, particularly in Southern Europe, cut back on pricey dental work which is not generally reimbursed by insurers.
Nobel Biocare's stock is down 80 percent since its all-time high in 2007 as the company grappled with years of sliding sales and dwindling market share in the wake of the financial crisis.
But signs have grown that a long-awaited turnaround is taking root and the company has notched up five consecutive quarters of revenue growth at constant exchange rates.
The Zurich-based firm had sales of 567 million euros ($735 million) and net profit of 42.6 million euros in 2013. It has $556 million of bonds and loans.
Danaher said Nobel Biocare would continue to operate as a standalone company and maintain its own brand and identity. Nobel Biocare's board said it would recommend the deal, which is expected to be completed in late 2014 or early 2015.
Analysts had cited other dental implant players such as Henry Schein HSIC.O and Dentsply XRAY.O as possible acquirers of Nobel Biocare, while the company had reportedly also attracted interest from buyout group EQT Partners.
Nobel Biocare was advised by Goldman Sachs and Credit Suisse.
(Reporting by Caroline Copley. Additional reporting by Supriya Kurane in Bangalore; Editing by Gopakumar Warrier)
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TECHNOLOGY NEWS: Deutsche Telekom says finds no evidence of NSA, GCHQ surveillance
BERLIN (Reuters) - Deutsche Telekom said it had found no indication that the U.S. National Security Agency (NSA) and Britain's GCHQ had obtained access to its computer network, but said it was investigating the matter following a report in Sunday's Der Spiegel magazine.
"We are looking into every indication of possible manipulations but have not yet found any hint of that in our investigations so far," a Telekom spokesman said in a statement on Sunday. "We're working closely with IT specialists and have also contacted German security authorities.
"It would be completely unacceptable if a foreign intelligence agency were to gain access to our network," the spokesman added.
Der Spiegel said it had seen information suggesting the NSA and GCHQ had gained access to the networks of Deutsche Telekom and smaller German provider Netcologne.
Relations between the United States and Germany were hit last year by revelations from former NSA contractor Edward Snowden that Washington spied on German officials and bugged the phone of Chancellor Angela Merkel.
(Reporting by Harro Ten Wolde; Writing by Erik Kirschbaum; Editing by David Holmes)
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TECHNOLOGY UK-based Phones 4u seeks administrator after EE contract loss
The contract, which ends in September next year with the UK's biggest mobile operator EE - which comprises T-Mobile and Orange, was crucial to the business for Phones 4u after it lost a similar contract with Vodafone Group Plc earlier this month.
The company, majority-owned by private equity firm BC Partners, said the unexpected decisions by both Vodafone and EE "have come as a complete shock to the business."
The decision has led Phones 4u to shut all of its 550 stores that employ about 5,600 workers, until a decision by the administrators is made on whether the business can be reopened for trading, the company said.
"Today is a very sad day for our customers and our staff. If the mobile network operators decline to supply us, we do not have a business," Chief Executive David Kassler said in a statement.
The process of the appointment of an administrator is under way and is expected to occur on Monday, the company said.
(Reporting by Aurindom Mukherjee in Bangalore; Editing by Eric Walsh)
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